Skechers shares dive, GE shares on a downturn and V.F. Corp shares on the rise

Skechers (SKX ): Shares are down in early trade, at around 24.6%. The footwear company fell 5 cents a share shy of Street forecasts with a quarterly profit of 36 cents per share. Skechers missed earnings despite record sales that were slightly above estimates.

GE (GE ): Shares down here, at about 3.9%. GE revenue came in above consensus and the company reported an adjusted second-quarter profit of 19 cents per share. GE’s weakness in power and renewable energy offset gains in its aviation, oil and gas and healthcare units.

V.F. Corp (VFC): Shares up here, around 2.7%. The parent company of clothing brands such as Wrangler and North Face beat estimates by 10 cents a share with an adjusted quarterly profit of 43 cents per share. The company raised its full-year forecast as it sees sales strength across its brands and markets.

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